USD/INR closed at 68.8025 against its opening of 68.75.
Dollar under pressure after Fed fuels bets on large rate cut.
Sensex provisionally ends 560 points lower at 38,337, with all but four components in the red.
ECB to cut rates in September, QE 2.0 still on the cards - analyst poll.
U.S. sanctions network selling materials for Iran nuclear programme.
North Korea says nuclear talks at risk if U.S.-South Korea exercises go ahead.
South Korea's central bank surprises with rate cut as Japan row adds to risks.
U.S., Japan eye possible small trade deal by September: sources.
Japan's core inflation hits 2-year low, might push BOJ to ease again soon.
Iran ready to talk if U.S. lifts sanctions, Pompeo skeptical.
Japan trade minister blasts South Korea for 'mistaken' explanation after bilateral meeting.
Oil jumps, Brent up more than 2% after U.S. Navy downs Iranian drone.
China makes biggest U.S. sorghum purchase since April as trade talks resume.
Trump administration erects another barrier to immigrants seeking U.S. asylum.
Worried UK employees call for changes to proposed immigration reform.
China to tighten restrictions on scrap metal imports.
Gold inches down as strong U.S. retail sales lift dollar.
Asia stocks firm as Fed props up rate cut expectations.
Chance of no-deal Brexit rises as Johnson leads Hunt - poll.
USD/INR closed at 69.47 against its opening of 69.19. USD/INR ends and traded high on Friday helped by bids form oil importers after crude prices continued to rise and on likely foreign portfolio outflows from local debt market. Oil prices jumped more than 2% on Friday, climbing further from five-month lows hit this week amid signs that OPEC and other producers may extend their output reduction deal.
Saudi Energy Minister Khalid al-Falih on Friday said that OPEC countries had no doubt about the need to extend a global oil output deal but the question at hand was the stance of OPEC’s allies.OPEC and its allies are due to gather in the coming weeks for a policy meeting.
The USD index, the gauge that measures the strength of the US currency against a basket of major units on a trade-weighted basis, was at 97.08 compared to 97.29 at the time of rupee spot closing on Thursday.The dollar has been hit by the rising expectations for a U.S. rate cut before year-end, as an escalating China-U.S. trade row hurts business confidence and growth. dollar remains pressured ahead of the US non-farm payroll numbers due later in the day.
2019 © Eforexindia.com Private Limited.